Engaged in leasing of aircraft.
I held here (for quite some time) but subsequently sold up here in May 2018 after a long overdue tidy up. My main reason for exit was the forecasts did not look so great, EPS +12% next year and -6% the year after.
2-Jul-2018 – 224.5p – £140.9m – PER 8.7
I remain Neutral here having sold out in May this year based on quite poor EPS forecasts of EPS +12% next year and -6% the year after.
6-Sep-2018 – 227.5p – £142.8m – PER 10.2
Final Results For The 12 Months To End June 2018 – Revenue up 16% to $109.1m, PBTdown 5.9% to $20.0m, EPS down 11% to 32.2c, the Dividend is up 21% YoY.
I remain Neutral here having sold out in May this year based on quite poor EPS forecasts (I believe these seem worse than those forecasts but don’t have time or the need to double check).
15-Nov-2018 – 254.5p – £160.2m – PER 9.69
AGM Statement And Trading Update For H1 Commencing July 2018 – Performing satisfactorily and expect to report a record H1 Profit. A second Interim Dividend of 2c will be paid.
I remain Neutral here having sold out in May this year based on quite poor EPS forecasts – I will be keeping an eye out now for potential upgrades and may well change my mind (as it’s done quite well since I sold out – Doh!)!